WHEN THE SKILLS
NECESSARY ARE IN SHORT SUPPLY
Hiring costs are in direct proportion to the scarcity of the skill set needed. The rarer the skills are the higher the cost to employ and the higher the cost to maintain the resource. When the skills are in short supply hiring is very expensive. Experts with skills in short supply have the ability (and the knowledge) that they can command salaries well beyond contemporaries with more experience but who lack their specialized skill sets.
Why do you need to own the knowledge, and especially at such a premium price? What problems with internal parity will be created? What will it cost you to maintain the talent even if you can get it?
A consulting alternative allows you to lease the knowledge for as short a period of time as you need it. Use a consultant to work along side your internal team sharing their knowledge teaching your staff. |